ADVFN - Advanced Financial Network.
HOME» NYSE » I » ING Stock Price » ING Stock News

Ing Share News

 Ing Groep N.v. Stock Price
ING Stock Price
 Ing Groep N.v. Stock Chart
ING Stock Chart
 Ing Groep N.v. Stock News
ING Stock News
 Ing Groep N.v. Company Information
ING Company Information
 Ing Groep N.v. Stock Trades
ING Stock Trades

ING Confirms It May Carve Up Asian Insurance Unit

By Maarten van Tartwijk AMSTERDAM--ING Groep NV (INGA.AE) Wednesday confirmed that the sale of its Asian insurance operations may take place through multiple transactions and said it has received interest for all units. In a presentation for analysts, ING said that the operations have a total book value of 6.6 billion euros ($8.18 billion). It said the sale process is "on track," but didn't provide further details. The Wall Street Journal reported Monday that ING will likely carve up its Asian life-insurance franchise rather than sell it as a whole after no successful bidder emerged for the big regional operation. Separate deals could still fetch more than $7 billion for the Dutch group, but selling the business in pieces complicates matters for ING, which is under pressure from European regulators to shed assets following the receipt of state aid. ING had offered potential suitors the option of bidding for the entire franchise or parts of the business, but it had told potential buyers it strongly favored selling the franchise as a whole. A disposal to one bidder would have been simpler, minimizing the likelihood of ING being left holding parts that few other parties wanted, such as the variable-annuity business in Japan. The European Union's executive arm ordered ING to cut its balance sheet by 45% to win approval for the state aid it had received. The order means ING must sell its global insurance arm and some banking assets, which should be completed before the end of 2013. --Alison Tudor contributed to this article Write to Maarten van Tartwijk at maarten.vantartwijk@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Ing (ING)
DateTimeHeadline
11/18/201614:10:00ING Leads Refinancing of 550 Madison Avenue
11/16/201604:33:00ABN Amro to Cut 1,500 More Jobs; Net Profit Up -- Update
11/09/201609:40:00Suzan Denoncourt d’Ingenico Group nommée coprésidente du con...
11/09/201609:39:00Ingenico Group’s Suzan Denoncourt Appointed Co-Chair of the B...
11/03/201603:01:00ING Profit Lifted by Loans and Deposits
11/02/201618:20:00Financial Firms Fined Over Variable-Annuity Contracts
10/24/201612:00:00Ingenico Group Announces Winner of Money20/20 Hackathon
10/24/201609:00:00Ingenico Group Launches First-of-Its-Kind Enterprise-Class mPOS...
10/23/201609:00:00Ingenico Group Launches Moby/3000 Bluetooth mPOS Solution to...
10/18/201609:00:00Ingenico Group to Demonstrate Leadership in Omni-Channel Payment...
10/13/201608:00:00ING to Move Trading Jobs to London Despite Brexit
10/13/201607:50:00ING to Move Trading Jobs to London Despite Brexit
10/07/201603:10:00Delta Lloyd Rejects NN Group's Takeover Bid
10/05/201603:00:00NN Group Offers $2.7 Billion for Delta Lloyd
10/05/201602:17:00NN Group Makes $2.7 Billion Offer For Delta Lloyd
10/03/201610:58:00ING to Cut 7,000 Jobs in Cost-Savings Drive -- 3rd Update
10/03/201605:29:00ING to Cut 7,000 Jobs in Cost-Savings Drive -- 2nd Update
10/03/201604:14:00ING to Cut 7,000 Jobs in Cost-Savings Drive -- Update
10/03/201603:50:00ING to Cut 7,000 Jobs in Cost-Savings Drive
10/03/201602:37:00ING to Cut 7,000 Jobs in Cost-Savings Drive

Ing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US